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XRP outperforms crypto market, gaining 15% as potential SEC leadership changes stir optimism. Fundamental and technical factors align for a possible 20% rally this November.
XRP, the seventh-biggest cryptocurrency by market capitalization, hit a new 2024 high of $0.847 on Thursday on the Bitstamp exchange.
Gensler's potential resignation could reshape SEC's crypto stance, possibly easing legal pressures on Ripple and boosting broader market confidence. The post Ripple's XRP token soars 20% to $0.83 after SEC Chair Gary Gensler hints at resignation appeared first on Crypto Briefing.
The crypto prices today have illustrated a set of mixed actions, sparking investor speculations globally. Bitcoin (BTC) price reversed previous gains to rest at $88K, whereas Ethereum (ETH) and Solana (SOL) prices followed.
“We believe that the underlying strength in BTC represents a systematic shift in the market in anticipation of Trump's return to office,” QCP Capital traders said in a Friday broadcast.
XRP price is up over 15% and moving higher above the $0.740 support zone. The price could accelerate higher if it clears the $0.8450 resistance zone.
XRP has encountered resistance at the $0.75 price point for the third time in 12 months, once again failing to break through this key level. The latest rejection occurred on November 13, 2024, when XRP made an impressive rally, climbing back into the $0.70 range.
XRP's soaring NVT ratio raises questions about the sustainability of its price rally, hinting at possible overvaluation.
Shiba Inu (SHIB) has recently seen growth, with its price reaching $0.00003, grabbing renewed interest from the crypto community. However, after a period of upward movement, SHIB faced significant selling pressure, leading to a temporary price drop.
Bullish sentiment is at its peak and crypto market participants are projecting a continued upside for the Dogecoin pice in the coming weeks and months. According to crypto analyst Ash Crypto, the crypto market is going to continue on this run into the next six to twelve months.
XRP rallies 12% as SEC Chair Gensler hints at resignation; could the SEC withdraw its Ripple appeal?
In a new analysis, crypto analyst Dark Defender (@DefendDark) highlights a significant pattern in the daily XRP/USDT chart that suggests a possible sharp rise in the price of XRP. According to his analysis, the XRP price is possibly forming a technical pattern known as a “bull flag” after decisively breaking above the multi-year resistance at $0.6649, a move that has been further substantiated by two consecutive daily closes above this key level.
After consolidating for over a year, Ripple's native token (XRP) has broken out from a bullish price action pattern and is now poised for notable upside momentum. However, XRP experienced this crucial breakout as United States Securities and Exchange Commission (SEC) Chairman Gary Gensler hinted at his resignation.
XRP has been on a bullish streak, experiencing a notable 24.78% price increase in recent days. This surge has pushed XRP into the overbought territory, with the Relative Strength Index (RSI) reaching 79.76, signaling that the upward momentum could continue, but also suggesting caution for potential consolidation or pullback.
Ripple (XRP) failed to impress in the previous bull rally, which peaked in March this year. However, in the current rally, XRP is setting the pace, with holders targeting $10.
Intesa Sanpaolo, Italy's largest bank, is expanding its digital assets desk to include spot trading for cryptocurrencies, having secured the necessary internal approvals and technical setup to enter the market and enhance its blockchain initiatives. The post Italy's Ripple Partner Intesa Sanpaolo Expands Digital Assets Desk for Crypto Spot Trading appeared first on Cryptonews.
XRP price has grown substantially, reaching a six-month high of $0.83, spurred by favorable regulatory developments and heightened investor sentiment. The recent announcement of a potential resignation by SEC Chair Gary Gensler has fueled optimism within the crypto sector.
Ripple and the U.S. Securities and Exchange Commission (SEC) has been closely followed by crypto enthusiasts and investors, with many hoping for a swift resolution. However, recent insights from legal experts suggest that the case might not reach its conclusion until 2025, with a potential shift in the SEC's leadership playing a key role in the timeline.
Numerous reports emerged that Gensler might be leaving the SEC.
The cryptocurrency market witnessed retracements today, with Bitcoin dipping from above $90,000 to $88,902 at press time. While enthusiasts anticipate BTC at $100,000 soon, PEPE, Cardano, and Ripple drew investor attention for various reasons. Let us find out more.
Ripple Labs Developers have inked a partnership with Societe Generale-Forge (SG-Forge) to integrate the EURCV stablecoin on the XRP Ledger (XRPL) in 2025. According to the SG-Forge announcement, the deployment of the EURCV stablecoin on XRPL aligns with its plan to go multi-chain.
Cardano creator Charles Hoskinson took to X to reveal that he had been in talks with Ripple CEO Brad Garlinghouse.
The controversial XRP cryptocurrency has added more than 10% over the past 24 hours, hitting a new 2024 high of $0.7734 earlier this Thursday.
XRP saw strong trading activity on Wednesday. It had climbed 6.31% over the past 24 hours to reach $0.76 amid a broad market rally spurred by Bitcoin's record-breaking surge to $75,000.
